assets to be based on either revalued amount or at depreciated historical cost. The business may opt not to revalue its asset because by doing so the depreciation charge is going to be high and will result in lower profit. Creative accounting The businesses apply creative accounting in trying to show the better financial performance or position which can be misleading to the users of financial accounting. Like the IAS 16 mentioned above‚ requires that if an asset is revalued and there is a revaluation
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Hyperinflation is when prices increase rapidly as currency loses its value. Hyperinflation is mainly caused when there is a large increase in the money supply not supported by the Gross domestic product growth. This causes an imbalance in the supply and demand for money. When there is an extreme rapid growth in the supply of paper money‚ this result because of monetary and fiscal authorities of a nation issue large amounts to pay for government costs. In the event of hyperinflation the growth in
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Q: Discuss the difficulties relating to the recognition and measurement of intangibles generally and of brands in particular. Refer to the example in Enigma plc in your discussion. According to IAS 38‚ an intangible asset defines as “an identifiable‚ non-monetary asset without physical substance” including brand‚ computer software‚ patents and copyrights. As this typical asset has no physical substance‚ it is really difficult to recognize and measure it. This essay mainly aims to explain the
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In this article we have discuss on how we have influenced our natural environment. Our natural environment has being eg; Polluted with the mount of rubbish we have dumped in our ocean which cause water pollution. Deforestation has being a worst nightmare for the animals that live in that habitat. Recycling‚ is a good thing to help save the earth‚ from reducing; paper‚ bottles‚cardboard etc‚ without damaging it from polluting and cutting down trees. Pollution has been a very big concern in our
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aim of this reporting standard is to ensure that tangible fixed assets are accounted for on a consistent basis. It sets out the principles in making a decision as to whether a tangible fixed asset is stated at cost on a financial statement or at a revalued amount. It is acknowledged within the standard that in some cases no depreciation charge will be made on the grounds that it is immaterial. What is a fixed asset? The definition of a fixed asset was discussed in my last article1. As a reminder
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Jakarta area was under sea water tide. So that the north Jakarta will be very vulnerable to flooding at this time. Second‚ cause of human factors. Flood can happen because many people always throw the rubbish in wrong place‚ for example they throw the rubbish to river‚ so that river becomes full of rubbish and impede the course of the river water then river water overflowed into the streets. Moreover‚ still many people do illegal logging and because of that there isn’t water absorbing and the water into
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as most critics say. This is because of the landscape and the well preserved lawn with the variety of birds and the lakes. However‚ it is not as beautiful as many people think when speaking of littering. There are times when you will see a lot of rubbish under the table‚ on the flower beds and on the foot path. This report will give us information on the behaviors of the student consciousness towards littering in Pacific Adventist University. Literature review Research has found that people
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Research Action Plan Research Action Plan Litter at Mehi River The Issue When I was given the task of the research action plan‚ I knew I needed to do it on an area of my interest. I am a man of the nature and I love the wildlife. Ever since when I was a kid‚ I wanted to learn about different animals and their habitats. The Mehi River is a valuable river that runs through the town of Moree‚ it diverts from the Gwydir River‚ about 21 km east of Moree. From there the river flows generally west
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downside is that it creates a bigger strain on the local infrastructure. “The Thames-Coromandel districts usual population of 27‚100 grows by six times over the Christmas to New Years day period.”2 This puts a strain on the roads and generates more rubbish which needs to go somewhere. The Coromandel is working towards being a sustainable tourism destination. It was one of the first regions in New Zealand to make a sustainable tourism strategy3. Businesses are encouraged to join the Sustainable
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All Saints College St Peter’s Campus Assessment Task Notification 2012 Subject: Geography Year: 10 ------------------------------------------------- Unit: Issues in Australian Environments Task Number: Three ------------------------------------------------- Task Type: Research Action Plan (RAP) ------------------------------------------------- Date Issued: Week 2‚ Term 3 2012 Date Due: Week 7‚ Term 3 2012: In-class task based on findings
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